Wednesday, March 11, 2015
SANTA ANA, California – As it increases global distribution of its DynoValve® products, SaviCorp® is pleased to announce that it has struck a purchase agreement with South Korean trading company CNL Co., Ltd.
SaviCorp’s agreement with CNL Co., Ltd. encompasses an initial 200 DynoValve units, with the anticipation of more to follow in the coming months. As part of the agreement, SaviCorp will also be sending a training technician to CNL Co., Ltd. headquarters during the month of March 2015, to ensure that the company is up to speed and knowledgeable on the installation, maintenance and troubleshooting of DynoValve components.
“This is the first of many anticipated upcoming orders for our DynoValve units out of Korea and we’re very pleased to be able to make such rapid headway on the procurement of units, to facilitate a stronger presence within the country,” said Serge Monros, President of SaviCorp.
CNL Co., Limited is a South Korea based importer. The company has expressed high interest in not only SaviCorp’s flagship DynoValve product, but also its DynoValve Pro edition: a larger-scale model designed to support diesel engines, to be officially unveiled later this year.
The coupling of SaviCorp’s purchase agreement with CNL Co., Ltd. and the impending public launch of its DynoValve Pro units will serve to give the company a foothold as it continues to expand into Asia. SaviCorp hopes to secure more ongoing partnerships before the close of Q2 and has already begun talks with several other companies interested in its aftermarket automotive products.
For more information about the results of SaviCorp’s initial round of testing on its DynoValve products or to learn more about the company’s next steps in achieving this voluntary EPA 511 certification, please visit the company’s website http://www.SaviCorp.com/
Forward-Looking Statement Disclosure
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Many factors could cause actual results to differ materially from our forward-looking statements.
SaviCorp® is an innovative automotive technology company that licenses, manufactures, distributes and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency. The company, an evolution of more than twenty years of automotive engine emissions testing, materials research and development, was formed to create, support and license its patented supplementary vehicle Emissions Reduction Technologies (ERT). Using proprietary methods and processes, the company’s flagship DynoValve® system protects the environment, lessens an engine’s carbon offsets, increases gas mileage and improves engine performance, resulting in dramatic savings in both fuel and oil.